Does Loan Against Property allow tax benefits under Section 80C?

No, borrowers cannot seek tax benefits under section 80C. Tax benefits for Loan Against Property are applicable under Sections 24(b) and 37(1).

Loan Against Property Tax Benefits (FY 2025-26)

Frequently Ask Questions

A Loan Against property is one of the most preferred funding solutions to meet big-ticket expenses. There are several tax benefits available under the old tax regime that you can enjoy by availing of a Loan Against Property. Tax exemptions under Sections 22 and 37(1) can be availed of. However, tax benefits are not applicable if a Loan Against Property is used for personal purposes.

No, borrowers cannot seek tax benefits under section 123. Tax benefits for Loan Against Property are applicable under Sections 22 and 37(1).

A Home Loan and a Loan Against Property are substantial financing options, but they serve different purposes. It's not possible to convert a Loan Against Property into a Home Loan, as these two types of loans are distinct in nature and have different eligibility criteria.

Bajaj Housing Finance offers a Loan Against Property starting from 9.55%* p.a. for a self-employed applicant. The interest rates are determined by several factors including property’s value and CIBIL score.

Disclaimer

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